The Canadian government and TD Bank successfully piloted a C$100 million bond issuance using Hyperledger Fabric technology.

CoinFeed reported on March 6th that, according to The Block, the Bank of Canada announced the completion of its tokenization pilot project, "Project Samara," successfully issuing a C$100 million government bond using Hyperledger Fabric technology. The project, issued by Export Development Canada with participation from TD Bank and Royal Bank of Canada, offered three-month Canadian dollar-denominated bonds to a closed investor group, covering the entire process from issuance, bidding, coupon payment, redemption, and secondary trading. The project assessment found that blockchain technology can improve operational efficiency, enhance data integrity, and reduce counterparty and settlement risks; however, these advantages were partially offset by increased system complexity, liquidity costs, and shortcomings in the existing regulatory framework.